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which best defines gdp as used in economics? total number of workers in a country; average income each person receives; amount of taxes collected annually; value of all goods and services made
GDP (Gross Domestic Product) in economics is formally defined as the total monetary value of all final goods and services produced within a country's borders over a specific time period. The other options are incorrect: the total number of workers refers to labor force size, average personal income is per capita income, and annual tax collections are government revenue, not GDP.
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D. Value of all goods and services made